Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) Declares Dividend of $0.01

Direxion Daily CSI 300 China A Share Bear 1X Shares (NYSEARCA:CHAD) announced a dividend on Sunday, October 18th. Investors of record on Friday, November 27th will be given a dividend of $0.0061 per share on Monday, November 30th. The ex-dividend date is Friday, November 27th. This is a 19.0% increase from Direxion Daily CSI 300 China A Share Bear 1X Shares’s previous dividend of $0.0052.

Direxion Daily CSI 300 China A Share Bear 1X Shares Stock Performance

CHAD traded up $0.34 during trading hours on Monday, hitting $9.68. 44,280 shares of the stock were exchanged, compared to its average volume of 38,044. The stock has a 50-day simple moving average of $13.16 and a 200-day simple moving average of $17.20. Direxion Daily CSI 300 China A Share Bear 1X Shares has a 12 month low of $6.80 and a 12 month high of $9.90.

Key Stories Impacting Direxion Daily CSI 300 China A Share Bear 1X Shares

Here are the key news stories impacting Direxion Daily CSI 300 China A Share Bear 1X Shares this week:

• Positive Sentiment: CHAD declared a distribution of approximately $0.0061 per share, up 19% from the prior $0.0052 payment. Investors of record on November 27 are scheduled to receive the distribution on November 30. The increase may provide a modest near-term sentiment boost for income-focused holders. CHAD Plans Dividend Increase
• Neutral Sentiment: Multiple reports repeat the same dividend announcement and contain conflicting references to a payment of $0.01 per share and varying ex-dividend dates. Investors should verify the official fund notice before trading around the ex-dividend date. CHAD Increases Dividend
• Neutral Sentiment: The distribution is very small relative to CHAD’s share price and is unlikely to be a major valuation catalyst. Because CHAD seeks inverse daily exposure to the CSI 300, its price is driven primarily by daily moves in Chinese A shares, not dividend growth.

About Direxion Daily CSI 300 China A Share Bear 1X Shares

The Direxion Daily CSI 300 China A Share Bear 1X Shares (CHAD) is an exchange-traded fund that is based on the China Shenzhen SE \u002F CSI 300 index. The fund provides daily inverse exposure to an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges. CHAD was launched on Jun 17, 2015 and is managed by Direxion.